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20110701
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Jul 2, 2011 6:30am PDT
time. there's a big but there, which is, at the same time, you know, owning a home is really a sign of financial stability. if you're able to do it. and so i don't think it's going to be as bad as, you know, the great depression evidence of people who just never invest in the stock market again. but, you know, hopefully people are going to be a little more responsible about that decision. >> we can only hope. jim carr from the national community reinvestment coalition, communities need the housing market to recover. state and local governments, they're expected to shed more than 100,000 jobs in the third quarter. without the property tax revenues they can't fund operations. communities are facing an uphill battle here if people can't buy homes, jim. >> right. well you're absolutely right. and the problem is not is if the somehow things are leveling out. we're on route to another 2 million foreclosures this year and probably have at least another 2 million in the pipeline on top of that. and so despite the good news that you talked about earlier at the top of the show, the reality of
Search Results 0 to 0 of about 1